Asia-Potash(SZ:000893) Mei Ri Jing Ji Xin Wen·2025-09-21 13:19Core Viewpoint - The announcement by Yaqi International regarding the share reduction plan by five directors and executives, including Chairman Guo Baichun, has sparked widespread discussion among investors, particularly due to Guo's legal troubles and the implications for the company's governance and financial reporting [1][4]. Group 1: Share Reduction Plan - Five directors and executives plan to reduce their holdings by a total of up to 540,000 shares, representing 0.06% of the company's total share capital, with Guo Baichun intending to reduce up to 270,000 shares [1][3]. - The share reduction is characterized as a normal personal decision by shareholders, and the company claims it is not aware of the specifics of Guo Baichun's legal case [2][3]. Group 2: Legal Issues Surrounding Guo Baichun - Guo Baichun has been arrested on charges of embezzlement and abuse of power, which has led to his inability to attend board meetings and ensure the accuracy of the company's financial reports [4][5]. - Legal experts have indicated that while Guo cannot sign the semi-annual report, he is permitted to issue a share reduction notice as it pertains to his rights as a shareholder [6][7]. Group 3: Financial Context and Implications - The company's stock price has seen a significant increase of 81.10% year-to-date, reaching a peak of 39.02 yuan, which is the highest level in nearly three years [3]. - Guo Baichun's potential proceeds from the planned share reduction could exceed 9 million yuan based on the current stock price, while his pre-tax remuneration from the company for 2024 is reported to be 3.2839 million yuan [8].